The earnings call highlighted Baker Hughes' strong financial performance and strategic positioning, particularly in the Industrial & Energy Technology segment. However, challenges remain due to tariff impacts and subdued market conditions in Oilfield Services & Equipment, coupled with trade policy uncertainties.

Company Guidance -

Q3 2025

In the second quarter of 2025, Baker Hughes reported strong financial results, highlighted by an adjusted EBITDA of $1.21 billion, reflecting a 170 basis point year-over-year improvement in margins. The Oilfield Services & Equipment (OFSE) segment showed a 90 basis point sequential margin improvement, driven by stronger international revenue and cost-out initiatives, while the Industrial & Energy Technology (IET) segment saw margins expand by 190 basis points year-over-year, supported by its business system. IET orders totaled $3.5 billion, with notable growth in data center solutions, securing over $550 million in power generation equipment orders. The IET backlog also reached a record $31.3 billion, reinforcing a robust growth outlook. Additionally, the company generated $239 million in free cash flow, returning $423 million to shareholders, including $196 million in share repurchases. Despite macroeconomic challenges, Baker Hughes maintained confidence in its full-year order guidance, expecting IET's orders to range from $12.5 billion to $14.5 billion.

Strong Financial Performance

Adjusted EBITDA rose to $1.21 billion, a 170 basis point year-over-year improvement in margins. The company has maintained the trend of meeting or exceeding the midpoint of their EBITDA guidance for the 10th consecutive quarter.

Industrial & Energy Technology (IET) Orders

IET orders totaled $3.5 billion in the quarter, with a record backlog of $31.3 billion, reinforcing the durability of the company's growth outlook.

Significant Data Center Awards

Baker Hughes booked more than $550 million in power generation equipment orders for data centers, reflecting growing demand for their solutions.

Strategic Transactions

Three strategic transactions were announced, including divestitures and acquisitions, expected to generate about $1 billion in net proceeds, further strengthening the balance sheet.

Growth in New Energy Orders

The company booked $1 billion in new energy orders during the quarter, exceeding their expectations and reinforcing confidence in achieving their order target by 2030.

Baker Hughes Company (BKR) Earnings, Revenues Date & History

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BKR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	0.61 / -	0.67	―	―	―
Jul 22, 2025	2025 (Q2)	0.56 / 0.63	0.57	10.53% (+0.06)
Apr 22, 2025	2025 (Q1)	0.47 / 0.51	0.43	18.60% (+0.08)
Jan 30, 2025	2024 (Q4)	0.62 / 0.70	0.51	37.25% (+0.19)
Oct 22, 2024	2024 (Q3)	0.60 / 0.67	0.42	59.52% (+0.25)
Jul 25, 2024	2024 (Q2)	0.49 / 0.57	0.39	46.15% (+0.18)
Apr 23, 2024	2024 (Q1)	0.39 / 0.43	0.28	53.57% (+0.15)
Jan 23, 2024	2023 (Q4)	0.48 / 0.51	0.38	34.21% (+0.13)
Oct 25, 2023	2023 (Q3)	0.40 / 0.42	0.26	61.54% (+0.16)
Jul 19, 2023	2023 (Q2)	0.33 / 0.39	0.11	254.55% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BKR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$40.02	$44.68	+11.64%
Apr 22, 2025	$38.12	$35.66	-6.45%
Jan 30, 2025	$44.10	$45.67	+3.56%
Oct 22, 2024	$35.38	$36.39	+2.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.